'A complete joke': Laid-off Sears workers say hardship fund cash amounts to nothing after EI cut + MORE Oct 10th

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What’s your RRSP contribution limit? Feb 19th

If you’re like many Canadians, you’re hoping you’ve paid enough tax for 2017 and may even be looking forward to a hefty tax refund cheque. You can help ensure that happens by knowing the details of your Registered Retirement Savings Plan (RRSP), what sets them apart, you.... More »
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BREAKING: Ontario Car Insurance Rates Decrease + MORE Oct 18th

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Great West Life acquires EverWest in U.S. real estate push Feb 3rd

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Federal deficit through first eight months of fiscal year totals $9.1 billion + MORE Jan 26th

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Founder of Chinese company with billions in B.C. assets gets 18 years for fraud May 11th

Anbang Insurance Group's extensive B.C. holdings — including Vancouver's Bentall Centre and the largest retirement and care home company in the province — is now controlled by the Chinese government..... More »

Bring back the $10,000 TFSA

– moneysense.ca

Bring back the $10,000 TFSA(Getty Images)
For those who pay attention to what politicians are up to on taxes, consider that since 2015, the focus has mostly been on raising them. From Atlantic Canada to Alberta, British Columbia and federally, new brackets were invented and other rates raised; in addition, new and higher taxes are yet to come including a federal carbon tax.
Even the new Progressive Conservative government of Brian Pallister in Manitoba, elected last year on opposition to a sales tax increase by the previous government, is toying with new taxes, including a carbon tax and higher taxes on insurance products.
One rare exception to this flurry of higher tax activity was in 2016 when the federal government dropped the rate for one middle income bracket, to 20.5 per cent from 22 per cent.
Middle-class Canada takes a hit
Regrettably, as the Fraser Institute discovered last week, that change wasn’t enough to offset the removal of many boutique tax credits. The net result was that 81 per cent of middle class taxpayers saw their taxes rise, and on average pay $840 more annually…

Continue Reading On moneysense.ca »

Laid-off Sears Canada workers say the hardship fund set up to help them is pointless because any payout counts as income and is deducted from their employment insurance benefits.

Continue Reading On cbc.ca »

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